In 2023, Mexico became the U.S.’s top trading partner with $798.9 billion dollars in total trade between the two countries. Eighty percent of Mexico’s exports come into the United States, according to a June 6 update from the Congressional Research Service. And while we are getting more goods from Mexico, we are also getting fewer from China, with trade down 16.7% between the countries.
But are we really getting fewer goods from China? Data shows Chinese exports to Mexico growing significantly, with shipping containers from China to Mexico up 60% in January of this year.
To discuss how nearshoring has changed the flow of goods throughout the supply chain, Jordan Dewart, president of Redwood Logistics Mexico, and Jose Minarro, managing director of Sunset Transportation, joined the Talking Supply Chain podcast to discuss the impact Chinese investment in Mexico is having on border trade.